Global Food Waste Management Market to Grow at 6.2% During 2022-2027, Impelled by Significant Growth in Food and Beverage Sector

November 03, 2022

According to the latest report by IMARC Group, titled "Food Waste Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global food waste management market is expected to exhibit a CAGR of 6.2% during 2022-2027. Food waste refers to uneaten or abandoned food, whether liquid or solid. Food waste management includes all the activities and actions taken to take this waste from commencement to its final clearance. Some essential steps in food waste management are collection, treatment, and disposal. Food wastage has increased, encouraging a re-evaluation of resource utilization and sustainability. Governments, NGOs, and private groups are continuously working to reduce food waste while raising consumer awareness regarding the outcome of waste saturation. In addition, the increasing residency costs, a shortage of resources, and rising raw material costs are pressuring companies and consumers to cut waste.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Food Waste Management Market Trends:

The global market is majorly driven by the flourishing food and beverages industry. In line with this, the rising exchange of food and food ingredients between nations worldwide has resulted in a considerable rise in food waste generation and the implementation of strict government and food management regulations. This, in turn, is significantly contributing to the augmenting requirement of efficient food waste management solutions. Furthermore, rapid advancements in food waste treatment technologies are creating a positive outlook for the market. Moreover, rapid urbanization and industrialization and the growing usage of organic waste for animal feed and fertilizer production are positively influencing the market. Additionally, the changing lifestyle patterns of the masses and the rising number of dual-earner families are major factors that are anticipated to propel the consumption of packaged and ready-to-eat foods, thereby fuelling the demand for effective food waste management processes across the globe. Some of the other factors contributing to the growth of the market include an enhanced focus on sustainable development and the widespread preference for adopting biofuels over conventional energy sources.

Market Summary:

  • On the basis of the waste type, the market has been segmented into cereals, dairy products, fruits and vegetables, fish and seafood, processed food, and others.
  • Based on the process, the market has been categorized into aerobic digestion, anaerobic digestion, combustion/incineration, and others.
  • On the basis of the source, the market has been classified into primary food producers, food manufacturers, food distributors and suppliers, food service providers, and municipalities and households.
  • On the basis of the application, the market has been bifurcated into animal feed, biofuel, fertilizers, and power generation.
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of the key players include Clean Harbors Inc., Covanta Holding Corporation, FCC Environment (UK) Limited, Hulsey Environmental Services Inc., Remondis SE and Co. KG, Republic Services Inc., Stericycle Inc., Suez (Sofina), Veolia and Waste Management Inc.
     

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Food Waste Management Market to Grow at 6.2% During 2022-2027, Impelled by Significant Growth in Food and Beverage Sector
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